14 initial public offerings are the PSE's objective for 2023.

According to analysts, the local exchange operator's goal of 14 initial public offerings (IPO) this year is feasible given that increased economic recovery encourages corporate expansion. As the economy continues to improve, Ricafort claimed that "businesses and conglomerates become more decided on new investments and development plans that need various fund-raising operations, such as through the stock or equity markets." Increasing market circumstances, according to him, motivate more businesses and conglomerates to raise capital on the stock market. Additionally, he continued, "further growth of local capital markets encourages further diversification of funding sources and from a larger roster of investors and the investing public. ABC Securities, Inc. The PSE aim may be attained, according to vice president Jovis L. Vistan.

"I believe it is doable. The pandemic is over, there has been a change in the global monetary policy, and the prognosis and market confidence for 2023 are better. The Philippines' economic future is likewise, in comparison to the rest of the world, considerably favorable. That might increase people's appetite for risk this year, he continued. We anticipate additional listings, higher trading volumes, and improved collaborations in the sector that will help us increase our product and service offerings, said PSE President and Chief Executive Officer Ramon S. Monzon in a news statement on Tuesday. The stock market operator stated that it anticipates raising P160 billion through capital raising efforts, which will be launched by Union Bank of the Philippines' stock rights offering. The rights offering was approved by the bank's board of directors on October 28, 2022, and the issue amount was increased to P12 billion on December 27, 2022. The corporation would issue up to 220.26 million shares at an offer price ranging from P54.48 to P58.38 per right share. The announcement from the bank states that the offer period will begin on January 16 and expire on January 27. UnionDigital will use the offering's proceeds to finance loan applications and other expansion opportunities. The benchmark PSE index rose 132.49 points or 2.01% to settle at 6,718.50 on Wednesday..